Product & Marketing – Page 44
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News briefs
Pollini’s sales decline slows down sharply in Q3
Pollini, the luxury footwear brand wholly-owned by the Italian fashion house Aeffe, posted sales of €23.6 million in the first nine months of 2024, down by 9.5 percent from a year earlier. The brand represented 11.4 percent of the group’s revenues, up from 10.3 percent a year earlier as it ...
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ArticleBFShow doubles its attendance in a year
BFShow, the trade show promoted by the Brazilian footwear association Abicalçados in partnership with NürnbergMesse Brasil, attracted more than 10,400 visitors during its third edition, held in São Paulo from Nov. 11 to 13. The attendance was double that of its inaugural edition held in November 2023. The organizers had ...
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ArticlePortugal’s FAIST project to create 300 jobs
The FAIST project launched by the Portuguese footwear industry to develop innovative products by the end of 2025 is expected to create 300 new jobs in the coming months, according to the project coordinator, Florbela Silva, in an interview released by the country’s footwear, components and leather goods manufacturers’ association, ...
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ArticleStanbee enters a distribution partnership in Indonesia
Stanbee, a US footwear components provider, has entered into a distribution partnership in Indonesia with PT Eco Mega Synergy. ”The arrangement ensures that Stanbee components will be distributed throughout Indonesia quickly and seamlessly,” the US company said. Founded in 2010, PT Eco Mega Synergy supplies pigment masterbatch to footwear brands ...
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News briefs
Golden Goose and On Holding’s management reportedly met
The managements of Golden Goose and On Holding have met, which triggered speculation that the Swiss group could buy the Italian brand of premium sneakers, reported the Italian daily Il Sole 24 Ore. The daily added that sources close to Golden Goose do not deny the meeting but rejected rumors ...
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News briefs
Zappos reopens its outlet in Louisville
After two years, Zappos.com has reopened its original and only outlet store, The Outlet Powered by Zappos, in Louisville, Kentucky. The US online footwear retailer first opened the outlet in 2019 and then closed it at the end of 2022 as part of its effort to refocus its business. “Zappos ...
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News briefs
Wolverine opens an innovation hub in Boston
Wolverine Worldwide, Inc. (WWW) has opened a new global Innovation Hub on 90 Causeway Street in Boston, Massachusetts. The 11,000-square-foot facility will accommodate employees from the group’s design and product teams, including Saucony product team members specializing in design, development, product management and merchandising. The opening on Nov. 14 comes ...
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News briefs
Taos promotes its top management
Taos, the US brand of comfort shoes which will celebrate 20 years of business in 2025, promoted its top management. Glen Barad, the founder and President, becomes CEO. Bill Langrell, the Chief Operating Officer, becomes President and COO. Sylvia Jensen, the National Sales Manager, is promoted to Vice President of ...
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ArticleGeox reshapes distribution model in US and China as wholesale continues to drag on sales
Geox said it would close direct operations by the end of the year in both the US and China as it seeks to increase efficiency and better meet its distribution needs in what have so far proved to be marginal markets. The company said it intends to continue serving both ...
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ArticleBoohoo raises £39.3 m in fresh cash
Boohoo has raised £39.3 million (€47.0m), before fees and expenses, in fresh capital by issuing new shares at 31 pence per share (0.37 euro cents). The funds will be used to repay debt and provide the company with ”additional strategic flexibility.” The UK online fast fashion group collected the funds ...
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ArticleCaleres names a new head of its New York brands
Nancy Bitetto has joined Caleres as Senior Vice President of New York brands, which include Franco Sarto, Vince, Veronica Beard and private brand offerings. “In this role, Bitetto will focus on accelerating growth and expanding profitability within the Caleres Brand Portfolio,” the company said. She will report directly to Jay ...
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News briefs
Alibaba's quarterly sales up 5%
In the fiscal second quarter ended Sept. 30, Alibaba posted revenues of 236.503 billion yuan renminbi (€33.0 billion) and income from operations of RMB 35.246 billion (€4.8 billion), both up by 5 percent year-over-year. The Chinese online retailer Alibaba said that diluted earnings per share grew by 69 percent to ...
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ArticleVida Shoes buys Aquatalia
New York-based Vida Shoes International has acquired Aquatalia, an Italian luxury fashion brand created in 1994, from ADJHA Aquatalia LLC. The transaction was completed on Sept. 26. No financial details were released. “With Aquatalia’s rich history of style and craftsmanship, Vida Shoes International views it as the ideal addition to ...
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ArticleTapestry, Capri scrap plans to merge
Tapestry, the US owner of the fashion brands Coach, Kate Spade and Stuart Weitzman, has reached an agreement to terminate plans to merge with Capri Holdings, which owns the brands Michael Kors, Versace and Jimmy Choo. “Capri and Tapestry mutually agreed that terminating the merger agreement at this time is ...
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News briefs
Brand, price and sustainability are key drivers for German consumers
More than 60 percent of Germans own up to ten pairs of shoes, and nearly a fifth buy new shoes at least four times a year, placing a special importance on brand, price and sustainability, a survey from the trade magazine Schuhkurier and the Cologne-based market research and consulting institute ...
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News briefs
Hardrige to supply shoes to the French prime minister’s office
Hardrige has won a €760,000 contract to supply shoes to the staff of the French Prime Minister’s office for four years. The company is expected to provide between 250 and 300 pairs each year. Founded in 1985, the family-owned company is located in Sillans, in the French department of Isère. ...
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News briefs
LVMH names a new CFO
LVMH announced that Cécile Cabanis, a member of its executive committee, will be appointed Chief Financial Officer of the French luxury goods group, succeeding Jean-Jacques Guiony as of Feb. 1. Meanwhile, Guiony, who is a member of the executive committee, will be named President and Chief Executive Officer of the ...
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ArticleSkechers to move to a new European distribution center in 2028
Skechers will relocate its European Distribution Center (EDC) operations to a larger and single-structure facility in Liège, Belgium, as it expands its business throughout the continent. To ensure seamless, uninterrupted operations, the Skechers EDC will start its gradual move in 2028 to a new 200,000-square-meter site, which will be located ...
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ArticleYue Yuen posts strong manufacturing but weak retail results
Yue Yuen, the world’s largest footwear manufacturer, generated strong manufacturing results in the first nine months of 2024. But the group’s retail arm, Pou Sheng Intl., suffered from soft sales momentum with weak traffic across various Chinese cities “amid a mixed consumption landscape.” Profit attributable to company owners rose ...
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News briefs
Klarna plans an IPO in the US
Klarna has filed a draft registration with the Securities and Exchange Commission (SEC) for an initial public offering in the US. The terms of the transaction have yet to be defined. In a statement, the Swedish payment firm said that it has “confidentially submitted a draft Registration Statement on Form ...
